+
Philippines' $3-billion airport project
AVIATION & AIRPORTS

Philippines' $3-billion airport project

In a bid to address chronic flight delays, congestion, and outdated facilities at the Ninoy Aquino International Airport (NAIA), the Philippine government has attracted three potential bidders for its ambitious $3 billion modernization project. The project aims to transform NAIA, currently ranked among the world's worst international airports, into a world-class aviation gateway. The prospective bidders include India's GMR Group, conglomerate San Miguel Corporation, and a Manila consortium, which had previously submitted an unsolicited proposal valued at $4.9 billion for the airport's overhaul. However, this initial proposal was rejected by authorities.

Secretary Jaime Bautista, the Philippine transportation secretary, emphasized the importance of selecting a bidder with extensive experience in airport operations and a strong financial background. He made these remarks during an interview on the sidelines of an Association of Southeast Asian Nations (ASEAN) summit in Indonesia.

To attract overseas investors, the Philippine government is planning two roadshows. The first will be held in Singapore next week, followed by another in Paris in the third week of September. The bidding process is scheduled to open in the last week of December, with the announcement of the winning bidder expected in January.

The selected bidder will not only undertake the airport's modernization but will also be responsible for its operation and maintenance. The modernization project aims to double the airport's capacity, increasing it to approximately 60 million passengers annually. The concession period offered for this colossal project is 25 years.

This development signifies a significant step forward in addressing the long-standing issues plaguing NAIA, with the government's commitment to enhancing the airport's infrastructure and services in line with international standards.

In a bid to address chronic flight delays, congestion, and outdated facilities at the Ninoy Aquino International Airport (NAIA), the Philippine government has attracted three potential bidders for its ambitious $3 billion modernization project. The project aims to transform NAIA, currently ranked among the world's worst international airports, into a world-class aviation gateway. The prospective bidders include India's GMR Group, conglomerate San Miguel Corporation, and a Manila consortium, which had previously submitted an unsolicited proposal valued at $4.9 billion for the airport's overhaul. However, this initial proposal was rejected by authorities. Secretary Jaime Bautista, the Philippine transportation secretary, emphasized the importance of selecting a bidder with extensive experience in airport operations and a strong financial background. He made these remarks during an interview on the sidelines of an Association of Southeast Asian Nations (ASEAN) summit in Indonesia. To attract overseas investors, the Philippine government is planning two roadshows. The first will be held in Singapore next week, followed by another in Paris in the third week of September. The bidding process is scheduled to open in the last week of December, with the announcement of the winning bidder expected in January. The selected bidder will not only undertake the airport's modernization but will also be responsible for its operation and maintenance. The modernization project aims to double the airport's capacity, increasing it to approximately 60 million passengers annually. The concession period offered for this colossal project is 25 years. This development signifies a significant step forward in addressing the long-standing issues plaguing NAIA, with the government's commitment to enhancing the airport's infrastructure and services in line with international standards.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code